Reinsurance in Turkey, Key Trends and Opportunities to 2018

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Jul 10, 2014, 10:46 ET

NEW YORK, July 10, 2014 /PRNewswire/ -- Reportlinker.com announces that a new market research report is available in its catalogue:

Reinsurance in Turkey, Key Trends and Opportunities to 2018

http://www.reportlinker.com/p01605823/Reinsurance-in-Turkey-Key-Trends-and-Opportunities-to-2018.html

Synopsis

The report provides in-depth market analysis, information and insights into the Turkish reinsurance segment, including:
• The Turkish reinsurance segment's growth prospects by reinsurance categories
• Key trends and drivers for the reinsurance segment
• The Turkish reinsurance segment's growth prospects by reinsurance ceded from direct insurance segments
• The competitive landscape in the Turkish reinsurance segment

Summary

Led by impressive growth in the insurance industry, the Turkish reinsurance segment expanded at a review-period (2009?2013) compound annual growth rate (CAGR) of 6.9%, due to frequent natural disasters in the country. The robust growth of the Turkish insurance industry also supported the growth of reinsurance.
Over the forecast period (2013?2018), a high risk of losses from natural disasters is likely to lead to increases in renewal and premium pricing, driving growth in the reinsurance segment. Challenging global economic conditions, the rising cost of capital, and the need for long-term risk management are all expected to fuel demand for reinsurance, as insurers focus on managing underwriting performance.

Scope

This report provides a comprehensive analysis of the reinsurance segment in Turkey:
• It provides historical values for Turkey's reinsurance segment for the report's 2009–2013 review period and forecast figures for the 2013–2018 forecast period.
• It offers a detailed analysis of the key sub-segments in Turkey's reinsurance segment, along with market forecasts until 2018.
• It provides a detailed analysis of the reinsurance ceded from various direct insurance segments in Turkey and its growth prospects.

Reasons To Buy

• Make strategic business decisions using in depth historic and forecast market data related to the Turkish reinsurance segment and each sector within it
• Understand the demand-side dynamics, key market trends and growth opportunities within the Turkish reinsurance segment
• Identify the growth opportunities and market dynamics within key product categories
• Gain insights into key regulations governing the Turkish insurance industry and its impact on companies and the market's future

Key Highlights

• Led by impressive growth in the insurance industry, the Turkish reinsurance segment expanded at a review-period (2009?2013) compound annual growth rate (CAGR) of 6.9%.
• Strategic location of Turkey attracts foreign investors
• The country is prone to earthquakes due to its geographical proximity to the North Anatolian Fault, leading to an increased number of claims and losses for insurers.
• Much of Turkey's population follows Islam, which prevents them from buying conventional insurance products. As a result, demand for Takaful insurance in Turkey is high and growing.

1 Executive Summary
2 Introduction
2.1 What is this Report About?
2.2 Definitions
2.3 Methodology
3 Turkish Insurance Industry Attractiveness
3.1 Insurance Industry Size, 2009–2018
4 Reinsurance Growth Dynamics and Challenges
4.1 Reinsurance Segment Size, 2009–2018
4.2 Reinsurance Segment Size by Type of Insurance, 2009–2018
5 Key Industry Trends and Drivers
5.1 Fundamental Business Drivers
5.2 Life Insurance Segment Drivers
5.3 Non-Life Insurance Segment Drivers
5.4 Personal Accident and Health Insurance Segment Drivers
6 Competitive Landscape and Strategic Insights
6.1 Overview
6.2 Millî Reasürans TA? – Company Overview
6.2.1 Millî Reasürans TA? – key facts
6.2.2 Millî Reasürans TA? – key financial analysis
7 Business Environment and Country Risk
7.1 Business Confidence
7.1.1 Market capitalization trend – Istanbul Stock Exchange, Turkey
7.2 Economic Performance
7.2.1 GDP at constant prices (US$)
7.2.2 GDP per capita at constant prices (US$)
7.2.3 GDP at current prices (US$)
7.2.4 GDP per capita at current prices (US$)
7.2.5 GDP by key segment
7.2.6 Agriculture, hunting, forestry and fishing net output at current prices (US$)
7.2.7 Agriculture, hunting, forestry and fishing net output at current prices as a percentage of GDP
7.2.8 Manufacturing net output at current prices (US$)
7.2.9 Manufacturing net output at current prices as a percentage of GDP
7.2.10 Mining, manufacturing and utilities at current prices (US$)
7.2.11 Mining, manufacturing and utilities at current prices, as percentage of GDP
7.2.12 Construction net output at current prices, (US$)
7.2.13 Construction net output at current prices as a percentage of GDP
7.2.14 Inflation rate
7.2.15 Exports as a percentage of GDP
7.2.16 Imports as a percentage of GDP
7.2.17 Merchandise exports growth
7.2.18 Merchandise imports growth
7.2.19 Annual average exchange rate TRY–US$
7.3 Infrastructure
7.3.1 Commercial vehicles exports – total value
7.3.2 Commercial vehicles imports – total value
7.3.3 Automotive exports – total value
7.3.4 Automotive imports – total value
7.3.5 Total internet subscribers
7.4 Labor Force
7.4.1 Labor force
7.4.2 Unemployment rate
7.5 Demographics
7.5.1 Household consumption expenditure (US$)
7.5.2 Total population
7.5.3 Urban and rural populations
7.5.4 Age distribution of the total population
8 Appendix
8.1 Methodology
8.2 Contact Timetric
8.3 About Timetric
8.4 Timetric's Services
8.5 Disclaimer

List of Tables

Table 1: Insurance Industry Definitions
Table 2: Turkish Insurance – Gross Written Premium by Segment (TRY Billion), 2009–2013
Table 3: Turkish Insurance – Gross Written Premium by Segment (US$ Billion), 2009–2013
Table 4: Turkish Insurance – Gross Written Premium by Segment (TRY Billion), 2013–2018
Table 5: Turkish Insurance – Gross Written Premium by Segment (US$ Billion), 2013–2018
Table 6: Turkish Insurance – Segmentation (Percentage Share), 2009–2018
Table 7: Turkish Insurance – Direct Written Premium by Segment (TRY Billion), 2009–2013
Table 8: Turkish Insurance – Direct Written Premium by Segment (US$ Billion), 2009–2013
Table 9: Turkish Insurance – Direct Written Premium by Segment (TRY Billion), 2013–2018
Table 10: Turkish Insurance – Direct Written Premium by Segment (US$ Billion), 2013–2018
Table 11: Turkish Insurance – Segmentation, Direct Written Premium (Percentage Share), 2009–2018
Table 12: Turkish Reinsurance Accepted by Category (TRY Billion), 2009–2013
Table 13: Turkish Reinsurance Accepted by Category (US$ Billion), 2009–2013
Table 14: Turkish Reinsurance Accepted by Category (TRY Billion), 2013–2018
Table 15: Turkish Reinsurance Accepted by Category (US$ Billion), 2013–2018
Table 16: Turkish Premium Ceded to Reinsurance by Type of Insurance (TRY Billion), 2009–2013
Table 17: Turkish Premium Ceded to Reinsurance by Type of Insurance (US$ Billion), 2009–2013
Table 18: Turkish Premium Ceded to Reinsurance by Type of Insurance (TRY Billion), 2013–2018
Table 19: Turkish Premium Ceded to Reinsurance by Type of Insurance (US$ Billion), 2013–2018
Table 20: Turkish Life Insurance – Percentage of Reinsurance Ceded (%), 2009–2013
Table 21: Turkish Life Insurance – Percentage of Reinsurance Ceded (%), 2013–2018
Table 22: Turkish Non-Life Insurance – Percentage of Reinsurance Ceded, 2009–2013
Table 23: Turkish Non-Life Insurance – Percentage of Reinsurance Ceded, 2013–2018
Table 24: Turkish Personal Accident and Health Insurance – Percentage of Reinsurance Ceded (%), 2009–2013
Table 25: Turkish Personal Accident and Health Insurance – Percentage of Reinsurance Ceded (%), 2013–2018
Table 26: Millî Reasürans TA?, Key Facts
Table 27: Millî Reasürans TA?, Key Financial Analysis (TRY million),2008-2012

List of Figures

Figure 1: Turkish Insurance – Gross Written Premium by Segment (TRY Billion), 2009–2018
Figure 2: Turkish Insurance – Gross Written Premium Dynamics by Segment, 2009–2018
Figure 3: Turkish Insurance – Direct Written Premium by Segment (TRY Billion), 2009–2018
Figure 4: Turkish Insurance – Dynamics by Segment, Direct Written premium (2009–2018)
Figure 5: Turkish Reinsurance Accepted by Category (TRY Billion), 2009–2018
Figure 6: Turkish Reinsurance Accepted by Category (Percentage Share), 2013 and 2018
Figure 7: Turkish Reinsurance – Dynamics by Category, 2009–2018
Figure 8: Turkish Premium Ceded to Reinsurance by Type of Insurance (TRY Billion), 2009–2018
Figure 9: Turkish Reinsurance – Dynamics by Type of Insurance, 2009–2018
Figure 10: Turkish Life Insurance – Percentage of Reinsurance Ceded (%), 2009–2013
Figure 11: Turkish Life Insurance – Percentage of Reinsurance Ceded (%), 2013–2018
Figure 12: Turkish Non-Life Insurance – Percentage of Reinsurance Ceded, 2009–2013
Figure 13: Turkish Non-Life Insurance – Percentage of Reinsurance Ceded, 2013–2018
Figure 14: Turkish Personal Accident and Health Insurance – Percentage of Reinsurance Ceded (%), 2009–2013
Figure 15: Turkish Personal Accident and Health Insurance – Percentage of Reinsurance Ceded (%), 2013–2018
Figure 16: Turkey, Istanbul Stock Exchange Market Capitalization (US$ Billion), 2008–2012
Figure 17: Turkish GDP at Constant Prices (US$ Billion), 2008–2012
Figure 18: Turkish GDP Per Capita at Constant Prices (US$), 2008–2012
Figure 19: Turkish GDP at Current Prices (US$ Billion), 2008–2012
Figure 20: Turkish GDP Per Capita at Current Prices (US$), 2008–2012
Figure 21: Turkish GDP by Key Segment (%) 2008 and 2011
Figure 22: Turkish Agriculture, Hunting, Forestry and Fishing Net Output at Current Prices (US$ Billion), 2008–2011
Figure 23: Turkish Agriculture, Hunting, Forestry and Fishing Net Output at Current Prices as a Percentage of GDP (%), 2008–2011
Figure 24: Turkish Manufacturing Net Output at Current Prices (US$ Billion), 2008–2011
Figure 25: Turkish Manufacturing Net Output at Current Prices as a Percentage of GDP (%), 2008–2011
Figure 26: Turkish Mining, Manufacturing and Utilities Net Output at Current Prices (US$ Billion), 2008–2011
Figure 27: Turkish Mining, Manufacturing and Utilities Net Output at Current Prices as a percentage of GDP (%), 2008–2011
Figure 28: Turkish Construction Net Output at Current Prices (US$ Billion), 2008– 2011
Figure 29: Turkish Construction Output at Current Prices as a Percentage of GDP (%), 2008–2011
Figure 30: Turkish Inflation Rate (%), 2008–2012
Figure 31: Turkish Exports as a Percentage of GDP (%), 2008–2012
Figure 32: Turkish Imports as a Percentage of GDP (%), 2008–2012
Figure 33: Turkish Merchandise Exports Growth (%), 2009–2012
Figure 34: Turkish Merchandise Imports Growth (%), 2009–2012
Figure 35: Turkish Annual Average Exchange Rate US$–TRY, 2008–2012
Figure 36: Turkish Commercial Vehicles Exports – Total Value (US$ Billion), 2008–2011
Figure 37: Turkish Commercial Vehicles Imports – Total Value (US$ Billion), 2008–2011
Figure 38: Turkish Automotive Exports – Total Value (US$ Billion), 2008–2011
Figure 39: Turkish Automotive Imports – Total Value (US$ Billion), 2008–2011
Figure 40: Turkish Internet Subscriptions (millions), 2008–2012
Figure 41: Turkish Size of Labor Force (million), 2008–2012
Figure 42: Turkish Unemployment Rate (%), 2008–2012
Figure 43: Turkish Household Consumption Expenditure (US$ Billion), 2008–2012
Figure 44: Turkish Total Population (million), 2008–2012
Figure 45: Turkish Urban and Rural Populations (%), 2008–2012
Figure 46: Turkish Population Distribution by Age (%), 2008–2012